Problem related to fd intrest


This query is : Resolved 

18 July 2013 it is compulsory to show FD interest as a income during income tax return .eg FD deposit date 12.04.2012 & maturity date 05.08.2013 if yes in which year i take as a income

18 July 2013 It is better to consider FD interest on accrual basis. In the above case interest from 12.04.2012 to 31.03.2013 has to be calculated.
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You may obtain Interest Certificate also from the Bank.
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In case of TDS, it is easier to claim the credit.
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